What does average maturity mean?

average maturity meaning in Law Dictionary

The actual quantity of itme a maturity for fixed price devices in a portfolio. A shorter readiness is more at risk of changing interest levels.

average maturity meaning in Business Dictionary

The average amount of readiness for all fixed-rate debt instruments held in a portfolio. A bond investment or mutual fund with a brief average maturity is much more responsive to present rate of interest variations than one with much longer normal readiness.